BSS
  24 Aug 2022, 13:40

Europe markets dip at open

LONDON, Aug 24, 2022 (BSS/AFP) - Europe's main stock markets slid in opening

deals on Wednesday as investors awaited fresh clues on the US Federal
Reserve's plans to further ramp up interest rates.

In initial trade, London's benchmark FTSE 100 index of major blue-chip
companies lost 0.4 percent to 7,458.65 points.

In the eurozone, Frankfurt's DAX index shed 0.2 percent to 13,162.81 points
and the Paris CAC 40 also fell 0.2 percent to 6,346.16 compared with
Tuesday's closing level.

Investors are awaiting a key speech this Friday by Fed chief Jerome Powell,
as markets speculate that the central bank will continue to tighten monetary
policy to counter soaring inflation.

"With investors for the most part sitting on their hands ahead of the
imminent Jackson Hole symposium, markets failed to make much progress," said
Richard Hunter, head of markets at Interactive Investor.